China Merchants Holdings to invest in Indonesian port

Jakarta: Indonesian state-owned port operator Pelindo II will ink a memorandum of understanding with China Merchants Holdings (International) in July for the development of a container and iron ore transhipment terminal in Tanjung Sawuh, Batam.

According to Richard Joost Lino, president of Pelindo, the investment will reach US$2bn. Container throughput of the port is to reach 4m teu and the iron ore handling capacity will reach 100mtons.

Lino said that construction of the port will begin in 2013 and be finished by 2016.  [28/06/12]

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